Binance takes credit for thwarting an attempted exit scam on its blockchain
The centralized part of “CeDeFi” did not seem to help, though. Binance announced Wednesday the successful recovery of $344,000 in funds from the attempted exit scam of Wine Swap, a project on the Binance Smart Chain (BNB).Wine Swap was an automated market maker platform similar to Uniswap that launched on Oct. 13. Within an hour of the launch, it had amassed $345,000 in funds, which were promptly pulled from the platform by the creators of Wine Swap.The funds were then spread across several directions in a bid to get them out of Binance Smart Chain. The majority were swapped to the....
Related News
A cryptocurrency founder has been arrested and is facing up to 10 years imprisonment for tax evasion after running an exit scam. He allegedly made millions of dollars from his cryptocurrency and used an elaborate scheme to avoid paying taxes. Crypto Founder Exit Scams, Caught for Tax Evasion The U.S. Department of Justice (DOJ) announced this week that a “cryptocurrency founder” was arrested Thursday and charged with a “multimillion-dollar tax evasion scheme.” The indictment against Amir Bruno Elmaani was unsealed Thursday in Manhattan federal court. In addition,....
Developers of the Sharktron defi project have exit scammed with reports suggesting that TRX tokens worth up to $10 million are missing. The Tron Foundation has confirmed the theft, but is quick to inform Sharktron token holders that a portion of the missing funds has been frozen. The exit scam comes a few weeks after the Sharktron devs issued a press release inviting investors to buy the token. Binance Freezes Part of Stolen Funds However, Justin Sun’s Tron Foundation, seemingly eager to get past this event, has issued a response on Twitter. The statement, which does not state the....
Monero appears to have lost its darknet market integrations, and very well may have fallen victim to an exit scam. Darknet market Oasis, the first to accept Monero, has abruptly gone offline in an apparent exit scam, making off with customer funds. An estimated 150 Bitcoins were lost, as well as an indeterminate amount of Monero. Several users report that attempts to withdraw XMR from AlphaBay, the darknet market whose integration was closely correlated with the currency’s meteoric rise, were unresponsive as well. HolladsHerbs, Reddit user, posted in the /r/DarkNetMarkets subreddit a....
Binance, the world’s largest cryptocurrency exchange, has announced its full exit from Russia with a sale to a newly launched exchange. This move comes as a response to the firm’s compliance issues related to Western sanctions imposed on Russia. In August, Binance began considering an exit from the Russian markets following reports of its continued […]
CEO of Binance, Changpeng Zao has alerted users about a massive SMS phishing scam that is targeted towards Binance users. The scam of the world’s largest cryptocurrency exchange platform is redirecting users to a malicious website to harvest credentials. Changpeng Zhao tweeted on Friday There is a massive Phishing scam via SMS with a link […]